Press release
Australia's ISPT Uses SS&C to Advance Property Trust Performance Measurement
SS&C Sylvan meets diverse requirements of leading property manager of superannuation funds WINDSOR, Conn., Aug. 8, 2023 /PRNewswire/ -- SS&C Technologies
About this update from Ss&c Technologies Holdings, Inc.
[{"type":"text","content":"SS&C Sylvan meets diverse requirements of leading property manager of superannuation funds \nWINDSOR, Conn., Aug. 8, 2023 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced ISPT, one of the largest property fund managers in Australia, has implemented SS&C Sylvan for performance measurement and attribution.\n\n \n \n \n \n \n \n\n \nISPT is one of Australia's largest unlisted property fund managers, with more than AUD22 billion in funds under management through investments in commercial, retail, industrial, education, health, social infrastructure and residential development. SS&C Sylvan, a market-leading, cloud-based performance measurement and attribution solution, replaced ISPT's proprietary system to automate and optimize processes.\n\"SS&C Sylvan has delivered value from the outset. The flexible system caters to our unique industry's needs while providing our teams with more time and insights to focus on strategic investments to benefit our investors,\" said Damien Damiano, Senior Manager, Performance and Investor Reporting, ISPT. \"The solution's capabilities—full transparency of returns, metrics reconciled to the accounting source and rich reporting dashboards—are matched by SS&C's robust professional service competencies, including a fast, efficient implementation.\"\nSylvan now automates ISPT's data ingestion and simultaneously calculates capital and income returns at the fund and individual property levels. Additionally, Sylvan provides enhanced attribution analytics to accommodate ISPT's property-specific hierarchy through cloud-based customizable dashboards and flexible self-service reporting.\nAs part of the implementation, Sylvan integrated ISPT's accounting book of records (ABOR) by onboarding all historical transactions and property valuations and reconciling data to the original source of truth. Sylvan's robust transaction mapping capabilities support the automated ingestion of all holdings and transaction records. Sylvan's user-defined attribution (UDA) tool, which lets users modify methodologies to match firm-specific processes and create bespoke methodologies, helps ISPT satisfy diverse property performance and reporting requirements.\n\"We are pleased Sylvan's award-winning flexibility accommodates a wide range of requirements to help ISPT keep pace with varied property investment...